"Meta's restructuring will cut approximately 8,000 employees, or 10% of its global workforce, with additional layoffs planned for the second half of 2026. This is part of a larger shift towards AI infrastructure."
"The May layoffs are the first phase of a restructuring that could eventually reach 20% of the company, although a Meta spokesperson described that figure as speculative."
"The layoffs will impact teams across Reality Labs, the Facebook social division, recruiting, sales, and global operations, with specific positions confirmed in California."
Meta will initiate companywide layoffs on May 20, cutting around 8,000 employees, which is 10% of its workforce. This restructuring follows previous layoffs totaling about 25,000 since 2022. The changes are aimed at reallocating resources towards AI infrastructure, with an estimated cost of $115-135 billion by 2026. Additional layoffs are anticipated in the second half of 2026. The cuts will affect various teams, including Reality Labs and global operations, marking a shift from targeted layoffs to broader workforce reductions.
Read at TNW | Facebook
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